[§554B-19]  Applicable law.  (a)  This
chapter applies to a registration, transfer, or declaration that refers to this
chapter as provided in section 554B-2 if, at the time of the registration,
transfer, or declaration, the transferor, beneficiary, or custodial trustee is
a resident of this State or the custodial trust property is located in this
State.  The custodial trust remains subject to this chapter despite a
subsequent change in residence of the transferor, beneficiary, or custodial
trustee, or removal of the custodial trust property from this State.



(b)  A transfer made under a substantially
similar act of another state is governed by the law of that state and may be
executed or enforced in this State. [L 1989, c 76, pt of §1]